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Rainmaker
839,174
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Most of my clients get 30 year mortgages, but if you can down the road refi to a 15 or 20 year mortgage then I would recommend it. I would always recommend talking to your CPA and CFP first.  I do recommend 20% down and stay away from PMI.... that is a waste of money.

Feb 22, 2019 02:16 PM
Ambassador
3,274,158
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Gosh, if they're getting a mortgage, it's about 2/3 30-year and 1/3 15-year. I personally like the 15-year for the lower rates and the shorter term. 

I have had a rash of cash buyers of late too.

Feb 22, 2019 06:46 PM
Rainer
229,949
Caroline Gerardo
CMG Financial - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Ninety four percent of Americans get 30 year fixed - 3% get 15 year and then ARM variety products are the rest

Feb 22, 2019 03:54 PM
Rainmaker
1,053,674
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

30 yr 

Feb 22, 2019 09:33 PM
Rainmaker
395,154
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Most get 30 years as they are not necessarily interested in building equity but rather in getting a bigger home.

Feb 22, 2019 09:25 PM
Rainmaker
1,535,635
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Usually 30 year

Feb 22, 2019 03:18 PM
Rainmaker
3,052,902
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I rarely see anything less than a 30 year mortgage. The monthly carry is less and people pay down priniciple throughout the loan of the life when it's convenient for them and they reduce the term that way.

Feb 22, 2019 02:09 PM
Rainmaker
759,693
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

30 year fixed

Feb 23, 2019 06:19 AM
Rainmaker
1,526,116
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

30 year & the old addage is 'if something happens like a layoff etc. you would only have to pay the 30 yr which would be 1/3 less than a 15. But ... if you can, pay more every month into the 30. I don't know what percentage of people do that. Bet not many.

Feb 23, 2019 06:03 AM
Rainmaker
671,139
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

30 year fixed is still the loan of most client's choice.

Feb 22, 2019 04:51 PM
Rainmaker
4,948,821
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

30 year or cash buyers....

Feb 22, 2019 03:46 PM
Rainmaker
380,156
Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Ye

Feb 22, 2019 03:43 PM
Rainmaker
4,400,023
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

The clients do what is right for them.  We would not offer input.  A

Feb 22, 2019 02:23 PM
Rainmaker
5,342,870
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Most of the first time home buyers get 30 year mortgages. 15 year loans do have better rates.

Mortgage rates for 30, 15, ARM. Full information at http://www.freddiemac.com/pmms/

Feb 22, 2019 02:18 PM
Rainmaker
429,246
Greg Cremia
Shore Realty of the Outer Banks - Nags Head, NC

Never really asked or looked into this or any of the other terms of a buyers loan. The only thing to look into is if it is approved and what can we do to fix it if not approved.

Feb 22, 2019 02:08 PM
Rainmaker
286,406
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Lately I have had a number of cash Buyers ~ However the 30 year mortgage is most common

Feb 23, 2019 05:07 AM
Rainmaker
3,236,372
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

30 year mortgage is the most popular!

Feb 23, 2019 12:18 AM
Ambassador
3,964,649
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Of the buyers with loans most are 30 year.

Feb 22, 2019 08:59 PM
Rainmaker
1,593,240
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

99% go 30 year here in my market Andrew Cooper 

Feb 22, 2019 07:42 PM
Rainmaker
1,229,104
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The 30 year fixed is the most common.  I do wish I had gotten the 15 year on my rentals though.  The monthly payment difference is negligable (~$200) at my interest rates (below 4%).  I have those on a 5-10 year payoff plan anyways, so not too concerned.

 

FYI - Back in the olden days (80s & 90s) of 11% to 20% interest rates, making one extra principal payment per YEAR would cut your payoff time in HALF!  At today's rates, you need to make at least four extra principal payments a year for that same effect.

Feb 23, 2019 09:08 AM
Rainmaker
767,964
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

30 is most common.

Feb 23, 2019 09:03 AM
Rainmaker
2,970,252
Richard Weeks
Dallas, TX
REALTOR®, Broker

30

Feb 23, 2019 08:46 AM
Ambassador
1,630,552
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Depends on their age.

Feb 23, 2019 07:56 AM
Rainer
182,695
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

I would say at least 99% have been a 30 year fixed.

Feb 23, 2019 06:16 AM
Rainmaker
4,064,219
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Most often, I don't even know.   The CD is to be private.

Mar 08, 2019 11:24 AM
Rainmaker
1,137,560
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

30 year or all cash. 

Feb 27, 2019 06:11 PM
Rainmaker
3,135,862
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Most are 30 years.

 

Feb 26, 2019 12:56 PM
Rainmaker
1,039,478
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

The vast majority of home buyers in Northern Virginia opt for 30 yr fixed rate mortgage loans. While there is some small reduction in interest rates that usually accompanies a 15 yr mortgage the difference is not usually significant enough for most to make the 15 yr loan a preference over the 30 yr loan. Additionally there are easy methods by which a home owner wishing to shorten the length and the overall interest paid on the mortgage without obligating themselves on a monthly basis to the higher total payment that accompanies the shorter term mortgage.

So, for most of my buyer clients the 30 year mortgage makes more fiscal and life style sense. While I sell homes not loans I am always willing to help my clients to understand pros and cons throughout the home buying process so they can make decisions that make the most sense for them.

Northern Virginia Buyer Agent Dave Martin Realty Group

Feb 24, 2019 07:54 AM
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

30.

Feb 24, 2019 07:23 AM
Rainmaker
808,695
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Most are cash buyers but 30 year mortgages are more popular than 15 since the payment is lower and the buyers can pay extra principal to shorten the term.

Feb 23, 2019 10:05 PM
Ambassador
4,159,539
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Not something I have paid much attention to.

Feb 23, 2019 09:44 PM
Rainmaker
1,487,013
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

Most are taking 30y.

Feb 23, 2019 12:31 PM
Rainer
133,885
Harjeet Bhatti
MB Financial Bank - Schaumburg, IL
Home Mortgage Consultant 44 States

Mostly clients take 30 years in purchase  and 15 years in refinance depend on leftover term. 

Feb 23, 2019 11:42 AM
Rainmaker
2,781,349
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Most get 30 year.

Feb 23, 2019 10:21 AM
Ambassador
3,084,253
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

99.9% of them do 30 year mortgages.  But I did have a buyer once that did a 20 year term.  The lender totally screwed it up and when they started to sign their loan docs, we had to get them corrected.  A quick lunch outing and they were able to get the correct docs to the title company.

Feb 23, 2019 08:06 AM
Rainmaker
4,796,904
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Most get 30-year loans.

Feb 23, 2019 07:31 AM
Rainmaker
623,854
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

30

Feb 23, 2019 07:17 AM
Rainer
416,441
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

First time buyers go for the 30 year loan.  I always tell them they can pay on principal only and cut a few years off their loan.

Other folks that have purchased before, usually prefer the 15 year.

Feb 23, 2019 06:40 AM